Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 8,726 Shares of Stock

Key Points

• EverCommerce CEO Eric Richard Remer sold 8,726 shares on May 26 at an average price of $10.58, totaling about $92,321. The trade was made under a pre-arranged Rule 10b5-1 plan, and his direct ownership fell slightly to 2.83 million shares.
• Remer has been actively selling shares recently, with multiple additional sales disclosed in late April and throughout May. These transactions ranged from about 3,210 to 11,992 shares each.
• EverCommerce’s latest earnings missed expectations, reporting $0.04 EPS versus the $0.14 consensus, though revenue of $147.47 million came in roughly in line with forecasts and rose 3.7% year over year. Analysts currently rate the stock a Hold on average, with a consensus target price of $11.25.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,726 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $10.58, for a total value of $92,321.08. Following the sale, the chief executive officer directly owned 2,833,100 shares of the company's stock, valued at $29,974,198. The trade was a 0.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eric Richard Remer also recently made the following trade(s):

• On Thursday, May 28th, Eric Richard Remer sold 4,500 shares of EverCommerce stock. The stock was sold at an average price of $10.75, for a total value of $48,375.00.
• On Wednesday, May 27th, Eric Richard Remer sold 5,974 shares of EverCommerce stock. The stock was sold at an average price of $10.53, for a total value of $62,906.22.
• On Thursday, May 21st, Eric Richard Remer sold 3,210 shares of EverCommerce stock. The stock was sold at an average price of $10.23, for a total value of $32,838.30.
• On Wednesday, May 20th, Eric Richard Remer sold 8,536 shares of EverCommerce stock. The stock was sold at an average price of $10.27, for a total value of $87,664.72.
• On Tuesday, May 19th, Eric Richard Remer sold 7,454 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total value of $76,030.80.
• On Tuesday, May 12th, Eric Richard Remer sold 10,055 shares of EverCommerce stock. The stock was sold at an average price of $10.25, for a total value of $103,063.75.
• On Wednesday, May 13th, Eric Richard Remer sold 9,145 shares of EverCommerce stock. The stock was sold at an average price of $9.66, for a total value of $88,340.70.
• On Wednesday, May 6th, Eric Richard Remer sold 7,208 shares of EverCommerce stock. The stock was sold at an average price of $10.72, for a total value of $77,269.76.
• On Tuesday, May 5th, Eric Richard Remer sold 11,992 shares of EverCommerce stock. The stock was sold at an average price of $11.17, for a total transaction of $133,950.64.
• On Thursday, April 30th, Eric Richard Remer sold 5,867 shares of EverCommerce stock. The stock was sold at an average price of $11.49, for a total transaction of $67,411.83.

EverCommerce Stock Performance

Shares of EverCommerce stock traded up $0.51 during midday trading on Thursday, hitting $11.09. The company had a trading volume of 122,940 shares, compared to its average volume of 134,706. The business's 50 day simple moving average is $11.16 and its two-hundred day simple moving average is $10.99. The stock has a market cap of $1.96 billion, a PE ratio of 65.24, a P/E/G ratio of 2.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The firm had revenue of $147.47 million for the quarter, compared to the consensus estimate of $147.18 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The company's revenue was up 3.7% on a year-over-year basis. As a group, equities analysts predict that EverCommerce Inc. will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EVCM. Federated Hermes Inc. raised its stake in EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company's stock worth $34,000 after acquiring an additional 1,667 shares in the last quarter. R Squared Ltd acquired a new stake in shares of EverCommerce in the third quarter valued at $122,000. Prudential Financial Inc. increased its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Oxford Asset Management LLP acquired a new stake in shares of EverCommerce in the second quarter valued at $168,000. Finally, SG Americas Securities LLC acquired a new stake in shares of EverCommerce in the third quarter valued at $169,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EVCM shares. Oppenheimer reaffirmed an "outperform" rating on shares of EverCommerce in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Wall Street Zen raised EverCommerce from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Weiss Ratings cut EverCommerce from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday. Finally, Royal Bank Of Canada reduced their target price on EverCommerce from $12.00 to $11.00 and set a "sector perform" rating for the company in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.25.

EverCommerce Company Profile

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.

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